Standard Chartered Arm to Buy 9.8% of Topaz Energy for $75 Million

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Nicolas Parasie DUBAI--Dubai-based Topaz Energy and Marine said Wednesday that Standard Chartered PLC's (2888.HK) private equity arm has acquired a 9.8% stake for $75 million to help fund the expansion plans of the offshore services company. Topaz said the ...

Malaysia July CPI +3.2% on Year; Slightly Below Expectations

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Jason Ng KUALA LUMPUR--Malaysia's consumer price index--the country's main gauge of inflation--rose 3.2% in July from a year earlier, mainly due to costlier food and non-alcoholic beverages and higher prices of non-food items, official data showed Wednesday. The index ...

Dollar Hits Multi-Month Highs as US Econ Seen Improving

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Kosaku Narioka The dollar rose against other major currencies on Wednesday in Asia following strong U.S. housing data and as geopolitical tensions eased in Eastern Europe. The greenback hit a four-month high against the yen and the British pound ...

Australia's Central Bank Keeps Currency Intervention as Option

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By James Glynn SYDNEY--Australia's central bank Gov. Glenn Stevens said intervention in currency markets to help drive the Aussie dollar lower remained a real option. Speaking to a parliamentary committee Wednesday, Mr. Stevens also said that the chance of a ...

MARKET SNAPSHOT: U.S. Stocks: Futures Dip Ahead Of Fed Minutes

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures pushed south on Wednesday amid some concerns the rally could be running out of some steam, though no big action was expected ahead of the minutes of the latest Federal ...

BOE Officials Break Ranks on Rates

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

LONDON---Two officials at the Bank of England pushed for an immediate rise in interest rates in August, minutes published Wednesday showed, marking the first dissent on policy faced by Gov. Mark Carney since he took office in July 2013. The ...

Germany Factory-Gate Prices Fall More Than Expected in July

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

FRANKFURT--Factory-gate prices in Germany fell more than expected in July as energy prices continued to depress the index, suggesting further downside risks to the inflation outlook, data from the country's statistics office showed Wednesday. The producer price index decreased by ...

German PPI Decreases on Month

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

FRANKFURT--Factory-gate prices in Germany fell more than expected in July as energy prices continued to depress the index, suggesting further downside risks to the inflation outlook, data from the country's statistics office showed Wednesday. The producer price index decreased by ...

Geopolitical Tensions Cloud Outlook For Swiss Industry

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Neil MacLucas ZURICH--The conflicts in Ukraine and the Middle East are likely to crimp economic growth in Europe's large economies, and in turn weigh on demand for Swiss industrial goods through the rest of the year, an industry lobby ...

Argentina Moves to Pay Exchange Bondholders

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

BUENOS AIRES--Argentine President Cristina Kirchner said Tuesday night that her administration will seek congressional approval to make payments on its international bonds in Argentina after a creditor dispute in U.S. courts led the country to default on some of its ...

MARKET SNAPSHOT: U.S. Markets: Futures Dip Ahead Of Fed Minutes

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures pushed south on Wednesday amid some concerns the rally could be running out of some steam, though no big action was expected ahead of the minutes of the latest Federal ...

Thai Industrial Sentiment Rises for Third Straight Month in July -- Update

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Industrial sentiment in Thailand rose for a third straight month in July as the military government's economic plans became more clear. The monthly Thai Industries Sentiment Index, from the Federation of Thai Industries, showed that sentiment rose ...

Japan Exports Log Modest Rise in July

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

TOKYO--Japan's exports rose in July for the first time in three months, but imports were unexpectedly robust, leading to a larger-than-expected deficit amid a gradual pickup in global economic growth. Both the government and the Bank of Japan are keeping ...

RBA Keeps Currency Intervention as Option

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

SYDNEY--Australia's central bank Gov. Glenn Stevens said intervention in currency markets to help drive the Aussie dollar lower remained a real option. Speaking to a parliamentary committee Wednesday, Mr. Stevens also said that the chance of a significant drop in ...

Nymex Crude Remains Choppy, Brent Largely Rangebound

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Eric Yep Crude-oil futures were mixed in Asian trade Wednesday with Nymex WTI rebounding after a sharp drop overnight, while Brent continued to trade within a narrow price range. On the New York Mercantile Exchange, light, sweet crude futures ...

BOE Officials Break Ranks on Rates

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Jason Douglas And Jon Sindreu LONDON---Two officials at the Bank of England pushed for an immediate rise in interest rates in August, minutes published Wednesday showed, marking the first dissent on policy faced by Gov. Mark Carney since he ...

MARKET SNAPSHOT: U.S. Stocks: Futures Extend Gains After Housing Starts

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By William Watts and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures hit new premarket highs after a stronger-than-expected jump in July housing starts, adding to upside momentum sparked by a stronger tone in Europe and positive earnings. ...